H.R.1060 - Credit Card Predatory Practices Prevention Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. LaFalce, John J. [D-NY-29] (Introduced 03/15/2001)|
|Committees:||House - Financial Services|
|Latest Action:||House - 03/26/2001 Referred to the Subcommittee on Financial Institutions and Consumer Credit. (All Actions)|
This bill has the status Introduced
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Summary: H.R.1060 — 107th Congress (2001-2002)All Information (Except Text)
Credit Card Predatory Practices Prevention Act of 2001 - Amends the Consumer Credit Protection Act to prohibit as unfair and deceptive specified creditor practices with respect to a credit card account under an open-end consumer credit plan, including practices involved in: (1) credit card solicitations; and (2) account administration.
Introduced in House (03/15/2001)
Provides for notice to the consumer of failure to qualify for credit, and the reasons therefor.
Permits State authorities to bring an action to enjoin violations of this Act and enforce compliance.